Deep-South Resources Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Pierre Leveille
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 700 West Georgia Vancouver BC Canada V7Y 1G5
- IPO Date
- Dec 22, 2010
- Website
- deepsouthresources.com
- Similar Companies
- Business
- Koryx Copper Inc. Koryx Copper Inc. (formerly Deep-South Resources Inc. Deep-South Resources Inc.) is a Canadian copper development company focused on advancing the 100% owned PEA-stage Haib Copper Project in southern Namibia and building a portfolio of copper exploration licenses in Zambia; the Haib project features a large porphyry copper-molybdenum deposit with chalcopyrite mineralization subjected to extensive historical drilling exceeding 70,000 meters by prior operators including Teck Resources Limited, which retains a strategic shareholding and 1.5% NSR royalty; metallurgical testing supports bio-leaching and conventional flotation processing routes for copper cathode and sulphate production over a projected 24-year mine life. The company holds Large-Scale Exploration Licenses Luanshya West (LEL 23247, 54 sq km) and Mpongwe (LEL 23248, 675 sq km) in Zambia's Copperbelt targeting sediment-granite contacts with soil geochemical anomalies near major mines like Chibuluma and Nchanga. Founded in 1994 and headquartered in Vancouver, British Columbia, Koryx Copper operates primarily in southern Africa targeting institutional and strategic investors for project advancement. Koryx Copper changed its name from Deep-South Resources Inc. in November 2023 to reflect its copper focus; it completed a 5:1 share consolidation in June 2024 and listed on the Namibia Securities Exchange (NSX: KYX) in April 2025 alongside TSX-V: KRY trading. In 2024-2025, the company raised gross proceeds exceeding C$25 million through private placements including a C$18 million closing in November 2024, enabling an aggressive drill program with Phase 2 (8,200m completed early 2025), Phase 3 (19,000m infill plus 10,000m extension by July 2025), and Phase 4 (20,000m for PFS spacing by December 2025); an updated NI 43-101 Mineral Resource Estimate effective August 2024 increased average copper grades via structural modeling, followed by filing of an enhanced PEA in October 2025 incorporating conventional milling/flotation trade-offs by DRA Global, metallurgical variability tests, and ESIA by Knight Piesold. Recent management enhancements include appointing Heye Daun as President & CEO and Trevor Faber as COO in November 2024, plus technical teams for flowsheet optimization, pre-concentration via ore sorting/DMS, bacterial heap leaching, geotechnical studies by SRK, mine planning by Qubeka, and infrastructure/water/power assessments targeting mining license application in Q3 2025 and PFS by year-end.
Deep-South Resources kicks off soil sampling on its projects in Zambia
Deep-South Resources plans geochemical soil sampling programs for three copper projects in Zambia
Deep-South Resources closes deal to buy up to 80% of three projects in world-renowned Zambian copper belt
Deep-South Resources requests judge to render decision in review case with High Court of Namibia concerning Haib copper license refusal
Deep-South Resources advances push to win renewal of Haib Copper licence in Namibia
Deep-South Resources updates on status of Haib Copper project with Namibian High Court decision
Deep-South Resources announces the appointment of Mrs Ally Angula as an independent director of the company
Deep-South Resources sees continued success with its 10,000m drill program at Haib copper project
Deep-South Resources appoints special advisor on bio-leaching
Deep-South Resources appoints Australia's national science agency to conduct bio-assisted heap leaching test work at Haib copper project in Namibia
Deep-South Resources hires experienced consultancy Knight Piésold for scoping studies at Namibia copper project
Deep-South Resources reveals first results from 10,000 metre drill program at flagship Haib copper project in Namibia
Deep-South Resources appoints METS Engineering to conduct and manage metallurgical and process technology test works on stockpile material from Haib Copper Project
Deep-South Resources says Teck Resources has signed agreements to sell the convertible debenture it holds to third party investors